Aimco Announces 2012 Dividend Income Tax Allocation

January 18, 2013 10:39 AM Eastern Standard Time

DENVER--(BUSINESS WIRE)--Apartment Investment and Management Company ("Aimco") (NYSE: AIV,
AIVPrT, AIVPrU, AIVPrV, AIVPrY and AIVPrZ) announced today the 2012
dividend allocation for federal income tax purposes for its Class A
Common Stock and its publicly traded preferred stock.

Aimco’s tax return for the year ended December 31, 2012, has not yet
been filed. As a result, the income tax allocation for the dividends
discussed below has been calculated using the best available information
as of the date of this release.

Please note that federal tax laws affect taxpayers differently, and the
information in this release is not intended as advice to shareholders as
to how dividends should be reported on their tax returns. Also note that
state and local taxation of real estate investment trust dividends
varies and may not be the same as the taxation under federal rules.
Aimco encourages shareholders to consult with their own tax advisors
with respect to federal, state and local income tax effects of these
dividends.

Class A Common Stock (CUSIP 03748R-10-1)

RecordDate

PayableDate

Dividendper Share

TaxableOrdinaryDividends

QualifiedDividends(15% Rate)

CapitalGain(15% Rate)

UnrecapturedSec. 1250 Gain(25% Rate)

Return ofCapital

2/21/12

2/29/12

$0.18

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

5/18/12

5/31/12

$0.18

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

8/17/12

8/31/12

$0.20

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

11/16/12

11/30/12

$0.20

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Annual

$0.76

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Aimco Preferred Stock

Class T Cumulative Preferred Stock (CUSIP 03748R-83-8)

RecordDate

PayableDate

Dividendper Share

Taxable

OrdinaryDividends

QualifiedDividends(15% Rate)

CapitalGain(15% Rate)

Unrecaptured

Sec. 1250 Gain(25% Rate)

Return ofCapital

1/1/12

1/15/12

$0.5000

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

4/1/12

4/15/12

$0.5000

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

6/15/12

6/15/12

$0.3445

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Annual

$1.3445

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

On June 15, 2012, Aimco redeemed all outstanding shares of its Class T
Cumulative Preferred Stock at $25.00 per share plus an amount equal to
accumulated and unpaid dividends thereon to the redemption date of
$0.3445 per share. $25.00 per share should be treated as redemption
proceeds.

Class U Cumulative Preferred Stock (CUSIP 03748R-82-0)

RecordDate

PayableDate

Dividendper Share

TaxableOrdinaryDividends

QualifiedDividends(15% Rate)

CapitalGain(15% Rate)

UnrecapturedSec. 1250 Gain(25% Rate)

Return ofCapital

1/1/12

1/15/12

$0.4844

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

4/1/12

4/15/12

$0.4844

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

7/1/12

7/15/12

$0.4844

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Annual

$1.4532

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

On July 26, 2012, Aimco redeemed all outstanding shares of its Class U
Cumulative Preferred Stock at $25.0646 per share. $25.0646 per share
should be treated as redemption proceeds.

Class V Cumulative Preferred Stock (CUSIP 03748R-81-2)

RecordDate

Payable

Date

Dividendper Share

TaxableOrdinaryDividends

QualifiedDividends(15% Rate)

CapitalGain(15% Rate)

UnrecapturedSec. 1250 Gain(25% Rate)

Return ofCapital

1/1/12

1/15/12

$0.5000

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

4/1/12

4/15/12

$0.5000

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

6/15/12

6/15/12

$0.3445

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Annual

$1.3445

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

On June 15, 2012, Aimco redeemed all outstanding shares of its Class V
Cumulative Preferred Stock at $25.00 per share plus an amount equal to
accumulated and unpaid dividends thereon to the redemption date of
$0.3445 per share. $25.00 per share should be treated as redemption
proceeds.

Class Y Cumulative Preferred Stock (CUSIP 03748R-79-6)

RecordDate

Payable

Date

Dividendper Share

TaxableOrdinaryDividends

QualifiedDividends(15% Rate)

CapitalGain(15% Rate)

UnrecapturedSec. 1250 Gain(25% Rate)

Return ofCapital

1/1/12

1/15/12

$0.4922

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

4/1/12

4/15/12

$0.4922

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

6/15/12

6/15/12

$0.3380

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Annual

$1.3224

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

On June 15, 2012, Aimco redeemed all outstanding shares of its Class Y
Cumulative Preferred Stock at $25.00 per share plus an amount equal to
accumulated and unpaid dividends thereon to the redemption date of
$0.3380 per share. $25.00 per share should be treated as redemption
proceeds.

Class Z Cumulative Preferred Stock (CUSIP 03748R-77-0)

RecordDate

PayableDate

Dividendper Share

TaxableOrdinaryDividends

QualifiedDividends(15% Rate)

CapitalGain(15% Rate)

UnrecapturedSec. 1250 Gain(25% Rate)

Return ofCapital

1/1/12

1/15/12

$0.4375

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

4/1/12

4/15/12

$0.4375

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

7/1/12

7/15/12

$0.4375

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

10/1/12

10/15/12

$0.4375

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Annual

$1.7500

0.00000%

0.00000%

46.55494%

53.44506%

0.00000%

Aimco is a real estate investment trust that is focused on the ownership
and management of quality apartment communities located in the largest
markets in the United States. Aimco is one of the country's largest
owners and operators of apartments, with 319 communities in 29 states,
the District of Columbia and Puerto Rico. Aimco common shares are traded
on the New York Stock Exchange under the ticker symbol AIV, and are
included in the S&P 500. For more information about Aimco, please visit
our website at www.aimco.com.